IMI plc reconfirms FY25 earnings guidance, with mixed results in different segments.

From Nasdaq: 2025-05-08 02:55:00

IMI plc issues a trading update for Q1 2025, expecting mid-single-digit organic revenue growth despite a modest decline in first-quarter organic revenue. The Process Automation Aftermarket segment shows strong momentum with a 19% increase in orders. IMI reports continued strong demand for energy-efficient solutions in Climate Control, but Automation segment revenue declined by 4% due to a cyber incident. Life Technology revenue declined by 2% organically, with Climate Control revenue up by 4%. IMI announces a strategic review of its Transport sector, accounting for 8% of revenue in 2024. The company reaffirms full-year guidance for adjusted earnings per share.



Read more at Nasdaq: IMI Plc Reconfirms FY25 Earnings Guidance Amid Economic Uncertainty